The price of XRP has been rising steadily and reached $1.50 before experiencing a 9.88% drop to $1.35 due to holders selling their holdings. However, the asset quickly rebounded and is now priced at $1.44. Despite the drop, XRP still boasts a strong market capitalization of $82 billion, compared to $30 billion just two weeks ago. This significant price surge has led to speculation within the crypto community that XRP may surpass Binance Coin (BNB) in market rankings. Currently, XRP is the sixth largest cryptocurrency, while BNB occupies the fifth position with a market cap of $89.7 billion. XRP would need to experience a 7.8% surge to reach $1.57 and surpass BNB. Although it seems unlikely, the remarkable performance of XRP this year has led many to consider the possibility of it becoming the fourth largest cryptocurrency by the end of 2024.



Other News from Today